Kotak Mahindra Bank’s Q2 consolidated net profit surges 13% to Rs 5,044 crore

Ace News

19th Oct 2024

Kotak Mahindra Bank has reported results for second quarter ended September 30, 2024 (Q2FY25).

The Bank has reported 4.79% rise in its net profit at Rs 3,343.72 crore for the quarter ended September 30, 2024 as compared to Rs 3,190.97 crore for the same quarter in the previous year. Total income of the Bank increased by 17.72% at Rs 15,900.46 crore for Q2FY25 as compared to Rs 13,507.36 crore for the corresponding quarter previous year.

On consolidated basis, the Bank has reported 13.07% rise in net profit at Rs 5,044.05 crore for Q2FY25 as compared to Rs 4,461.04 crore for the same quarter in the previous year. Total income of the Bank increased by 24.68% at Rs 26,880.02 crore for Q2FY25 as compared to Rs 21,559.52 crore for the corresponding quarter previous year.